Here we are again, yet another week and yet another new all time high for the price of Bitcoin. This asset is truly on fire and is now once again entering into a “parabolic” phase.
The reasoning for this continues to be the ever increasing demand of institutional investors who are moving heavily into the crypto space, with Bitcoin being the natural first and main choice for many of these institutions.
But how long can these gains continue at this neck breaking pace, before one of its dreaded and often before seen crashes occur?
Bitcoin has truly dominated the financial headlines as of the past few months, with CNBC and other financial outlets plugging the crypto currency over and over again. …
By now I’m sure that you have already had one, two or possibly even more conversations with family and friends about the rapidly approaching wave of COVID-19 vaccinations that are about to inoculate the world.
Without a doubt and I believe unarguably at this point, this will be the most dominating news headline as we head into 2021 and as we proceed throughout the year.
The rollout of this vaccine, its success rate and the ability for officials around the world to convince a large enough percentage of the population to take it are all contributing factors in how the global economy for 2021 is going to be defined. …
Over the course of the past month, many precious metals investors may not have been aware of the crazy, wild roller coaster of a ride that was occurring once again in the world of Bitcoin.
With all of the current events unfolding around the circus that was the Presidential election, you cannot be faulted, as much of the media attention has been fully and wholeheartedly invested in covering that event.
This is for good reason, as the ramifications of the 2020 U.S. …
Just as the economy was beginning to find its feet and begin some form of recovery in earnest, the reality of 2020 has begun to sink in once again, with cases of COVID-19 rising rapidly across both North America and Europe.
Some of this increase has to do with better testing, some if it has to do with the significantly increased knowledge we have about the virus, however, a significant proportion of it has to do with complacency and people’s desire to live their lives in as normal of a fashion as they possibly can in this upside down world.
Regardless of the why, the markets are reacting and they are suffering negatively because of it. …
The COVID-19 pandemic has rocked the world and a historic amount of money printing has taken place all across the world.
This money has been dumped into the markets, given to individuals and used to help keep businesses afloat while the forced lockdowns were put into place, greatly reducing consumer spending in many parts of the world.
Many would argue that this money printing was required, others would disagree. Sadly hindsight is 2020 and we may never truly know what the repercussions of no lockdowns would have been.
However, there is one thing that is for certain in the coming days, months and years. …
The world remains steadfast, tightly gripped in the midst of the COVID-19 pandemic, however, there is another calamity that is lying in wait and is sadly unavoidable at this point.
The debt bomb is primed, set and ready to go off, not just in the United States, Canada, or the United Kingdom, but rather across the entirety of the world.
There is no escaping it, but there is still time to prepare.
The dot com boom and bust, the housing collapse of 2008 and now the economic ruin caused by the COVID-19 lockdowns have all systematically chipped away and destroyed the foundation of many economies across the world. …
When I stated last week that we hadn’t seen the end of the 2020 chaos, the end of the uncertainly, I certainty didn’t see this curveball coming.
Dominating the news headlines today is the fact that President Trumps and the First Lady have tested positive for COVID-19, shortly after news broke that Hope Hicks, one of the Presidents close aides contracted the virus.
In true Trump fashion, the President took to twitter to break the story;
This news has once again upended the already upended and now empty apple cart, as the President’s campaign plans have been halted dead in their tracks, as he is forced to self isolate for the duration of the virus. …
It should come as no surprise to anyone that 2020 has been a year of sheer chaos, madness and worldwide change the likes of which we have not see in most peoples living memory, that is unless you have been living under a rock.
For those of you who are hoping that this trend was going to change as the year progressed and headed towards closure, you are sadly going to be mistaken, as the ending to this year of epic nonsense is only going to get worse, much worse.
As the November 3rd Presidential Elections rapidly approach, people have finally begun to realize what I have stated since the end of last year, that this year’s election are going to be dominated by violence and uncertainty, ending with literal blood in the streets. …
The Federal Reserve has unanimously come together, developing a plan and strategy that they believe will help prop up the U.S. economy as the threat of COVID-19 continues to plague the world.
Their plan? Well its the same as always. Easy money and debt creation.
This cannot and will not end well for those who continue to hold and accumulate their hard earned savings in U.S. dollars, as the Federal Reserve has made a pledge to keep interest rates near zero for the foreseeable future.
Some analyst have even gone as far as estimating that rates could remain at these historically low levels for at least several years, due to the fact that the Fed has no other option than to do so. …
Once again gold and silver bullion are moving lower throughout today’s trading session, despite overwhelming strong fundamentals and news that should be sending the price of precious metals higher.
However, no one ever said that the markets were sane or rational.
This is proven more so with each passing day, as the broader markets continue to hold strong in spite of the fact that we are in a global pandemic, with unfathomable geopolitical risks all around us.